Tag: Kenya
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Income Tax (Transfer Pricing) Rules, 2006 in Kenya
The Income Tax (Transfer Pricing) Rules, 2006 in Kenya were introduced to provide guidelines for related enterprises in determining arm’s length prices for goods and services in transactions between them. These rules were enacted following a landmark case involving the Commissioner of Income Tax and Unilever Kenya Limited, which highlighted the need for clear transfer pricing…
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Country-by-Country Reporting (CbCR) Regulation in Kenya
Kenya is a participant in the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan, which includes implementing Country-by-Country Reporting (CbCR). The Kenya Revenue Authority (KRA) oversees these requirements to promote tax transparency and curb profit shifting by multinational enterprises (MNEs). This guide is designed to help CFOs and tax professionals of MNEs operating in…
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Country-by-Country Reporting (CbCR) Regulation in Kenya
Kenya has demonstrated a commitment to aligning its tax framework with international standards, including the OECD’s Base Erosion and Profit Shifting (BEPS) initiative, particularly BEPS Action 13, which focuses on Country-by-Country Reporting (CbCR). The Kenyan government, through its tax authority, the Kenya Revenue Authority (KRA), has implemented CbCR requirements to ensure transparency and fairness in…
CbC Reporting 